---
schema_version: "secwatch.filing_event.v1"
accession: "0000051253-23-000008"
form_type: "8-K/A"
ticker: "IFF"
cik: "0000051253"
company_name: "INTERNATIONAL FLAVORS & FRAGRANCES INC"
filed_at: "2023-02-27T23:59:59+00:00"
generated_at: "2026-06-19T00:07:20.276511+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# IFF amends Q4/FY2022 results: $28M tax adjustment, $52M cash reclassification; net loss $1.87B

## Summary
- Amendment adds $28M tax expense for Q4 and FY2022; no change to operating cash flow.
- Cash reclassification adds $52M to operating cash flow and year-end cash balance.
- FY2022 net loss attributable to IFF of $1,871M ($7.32 diluted EPS) vs. income $270M ($1.10) in 2021.
- FY2022 includes $2.25B goodwill impairment and $120M long-lived asset impairment.
- Adjusted (non-GAAP) EPS ex. amortization fell to $5.42 in FY2022 from $5.63 in FY2021.

## SEC filing metadata
- accession: 0000051253-23-000008
- form_type: 8-K/A
- ticker: IFF
- cik: 0000051253
- company_name: INTERNATIONAL FLAVORS & FRAGRANCES INC
- filed_at: 2023-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/51253/000005125323000008/0000051253-23-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/51253/000005125323000008/iff-20230227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000051253-23-000008
- JSON: https://secwatch.observer/filing/0000051253-23-000008.json
- Plain text: https://secwatch.observer/filing/0000051253-23-000008.txt

## Key facts
- Earnings Releases
  INTERNATIONAL FLAVORS & FRAGRANCES INC reported Year Ended December 31, 2022 results: revenue $ 12,440, net income $ (1,871), EPS $ (7.32).
  - Period: Year Ended December 31, 2022
  - Revenue: $ 12,440
  - Net income: $ (1,871)
  - EPS: $ (7.32)
  - Result: reported results
  source text: Net sales $ 2,844 $ 3,031 (6) % $ 12,440 $ 11,656 7 % Cost of goods sold 1,975 2,050 (4) % 8,289 7,921 5 % Gross profit 869 981 (11) % 4,151 3,735 11 % Research and development expenses 143 166 (14) % 603 629 (4) % Selling and administrative expenses 440 450 (2) % 1,768 1,749 1 % Restructuring and other charges 7 7 — % 12 41 (71) % Amortization of acquisition-related intangibles 175 185 (5) % 727 732 (1) % Impairment of goodwill — — NMF 2,250 — NMF Impairment of long-lived assets — — NMF 120 — NMF Gains on sale of fixed assets (1) — NMF (3) (1) 200 % Operating profit (loss) 105 173 (39) % (1,326) 585 NMF Interest expense 104 73 42 % 336 289 16 % Other expense (income), net 6 (14) (143) % (37) (58) (36) % (Loss) income before taxes (5) 114 (104) % (1,625) 354 NMF Provision for income taxes 19 22 (14) % 239 75 219 % Net (loss) income (24) 92 (126) % (1,864) 279 NMF Net income attributable to non-controlling interest 1 2 (50) % 7 9 (22) % Net (loss) income attributable to IFF shareholders
  evidence_url: https://www.sec.gov/Archives/edgar/data/51253/000005125323000008/0000051253-23-000008-index.htm
- Earnings Releases
  INTERNATIONAL FLAVORS & FRAGRANCES INC reported Three Months Ended December 31, 2022 results: revenue $ 2,844, net income $ (25), EPS $ (0.10).
  - Period: Three Months Ended December 31, 2022
  - Revenue: $ 2,844
  - Net income: $ (25)
  - EPS: $ (0.10)
  - Result: reported results
  source text: Net sales $ 2,844 $ 3,031 (6) % $ 12,440 $ 11,656 7 % Cost of goods sold 1,975 2,050 (4) % 8,289 7,921 5 % Gross profit 869 981 (11) % 4,151 3,735 11 % Research and development expenses 143 166 (14) % 603 629 (4) % Selling and administrative expenses 440 450 (2) % 1,768 1,749 1 % Restructuring and other charges 7 7 — % 12 41 (71) % Amortization of acquisition-related intangibles 175 185 (5) % 727 732 (1) % Impairment of goodwill — — NMF 2,250 — NMF Impairment of long-lived assets — — NMF 120 — NMF Gains on sale of fixed assets (1) — NMF (3) (1) 200 % Operating profit (loss) 105 173 (39) % (1,326) 585 NMF Interest expense 104 73 42 % 336 289 16 % Other expense (income), net 6 (14) (143) % (37) (58) (36) % (Loss) income before taxes (5) 114 (104) % (1,625) 354 NMF Provision for income taxes 19 22 (14) % 239 75 219 % Net (loss) income (24) 92 (126) % (1,864) 279 NMF Net income attributable to non-controlling interest 1 2 (50) % 7 9 (22) % Net (loss) income attributable to IFF shareholders
  evidence_url: https://www.sec.gov/Archives/edgar/data/51253/000005125323000008/0000051253-23-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.